Solana Price Surges Above $200, Eyes $208 Resistance Zone

Solana Price Analysis

  • Solana's price recently rose above the $200 mark, beginning a new upward trend against the US Dollar.
  • SOL is trading above $200 and the 100-hourly simple moving average, with bullish support at $198.
  • A key resistance level is $208. Breaking this could lead to further gains, potentially reaching $212 or even $225.
  • If SOL fails to overcome the $205 resistance, it may decline, with initial support at $198 and major support levels at $192 and $184.
  • The hourly MACD for SOL/USD indicates a bullish momentum, while the RSI is above 50, supporting the positive trend.

Solana Price

In summary, Solana shows signs of continued growth if it surpasses current resistance levels. However, failure to maintain these gains could see a pullback to lower support zones.